The most basic and important indicator of the distinction between central banks and commercial banks is ().
A: monopoly on money issuance
B: taking deposits from financial institutions
C: buying and selling securities with financial institutions
D: implementation of monetary policy
A: monopoly on money issuance
B: taking deposits from financial institutions
C: buying and selling securities with financial institutions
D: implementation of monetary policy
举一反三
- Which of the following is not a major actor in the foreign exchange market? A: corporations B: central banks C: commercial banks D: non-bank financial institutions E: tourists
- Central banks can assist financial institutions in financial crises through lender of last resort.
- The central bank's main purpose in buying and selling securities on the open market is to ( ). A: guarantee financial institutions capacity to pay B: facilitate clearing and exchange of funds by financial institutions C: regulate money supply D: finance or subscribe to government debt E: gain profit
- As the “banker’s bank,” the central bank provides services to financial institutions in much the same way commercial banks serve their customers. ( ) A: True B: False
- Which major actor is at the center of the foreign exchange market? ( ) A: non-bank financial institutions B: individual firms C: commercial banks D: corporations